Ieq Capital LLC Purchases New Shares in Coca Cola Femsa S.A.B. de C.V. $KOF

Ieq Capital LLC acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, HoldingsChannel reports. The fund acquired 33,339 shares of the company’s stock, valued at approximately $6,365,000.

Other large investors have also recently added to or reduced their stakes in the company. Paladin Partners LLC acquired a new stake in shares of Coca Cola Femsa during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 275 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after acquiring an additional 153 shares in the last quarter. Whipplewood Advisors LLC increased its position in Coca Cola Femsa by 862.2% during the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after acquiring an additional 388 shares during the period. Finally, Global Retirement Partners LLC bought a new position in Coca Cola Femsa during the second quarter worth about $46,000.

Coca Cola Femsa Price Performance

KOF stock opened at $112.15 on Monday. The company has a market capitalization of $188.49 billion, a P/E ratio of 17.69, a PEG ratio of 1.33 and a beta of 0.52. The company has a fifty day moving average price of $107.05 and a 200-day moving average price of $105.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $80.22 and a 52-week high of $116.36.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The company had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. As a group, equities analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.93 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were given a $1.1248 dividend. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.0%. Coca Cola Femsa’s dividend payout ratio is presently 62.15%.

Analysts Set New Price Targets

Several analysts have weighed in on KOF shares. JPMorgan Chase & Co. lifted their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. HSBC reaffirmed a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday, July 28th. UBS Group boosted their price target on Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Barclays increased their price target on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $118.83.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.